Investor Presentaiton

UK RENT SUBJECT TO LEASE BREAK OR EXPIRY As at 30 September (₤m) Retail parks 2014 2015 2016 2017 2018 2014-16 2014-18 4 7 7 9 13 18 40 Superstores Shopping centres 10 7 12 11 6 29 29 46 Department stores Leisure I UK Retail City 14 14 19 20 19 47 86 1 1 19 8 21 29 29 2 4 1 14 9 7 30 30 West End Provincial All Offices UK Total % of Contracted Rent Potential Uplift at Current ERV Table shows UK total, excluding assets held in Europe. 30 30 3 5 20 14 17 28 59 17 19 39 34 36 75 145 2.8% 2.9% 6.1% 5.4% 5.6% 11.8% 22.7% 2 1 (1) (1) 3 1 British Land

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